Boeing lost another $ 125 million on its Starliner spacecraft , according to a late SEC filing . That ’s on top of the over $ 1.1 billion inpreviously report losses .
In a quarterlyreportdated July 31 , the aerospace company reported financial loss for the full point between April 1 and June 30 , 2024 , citing mission delays in the Starliner ’s first crewed flight tryout as the reason .
The Starliner CST-100 remain docked at the International Space Station , where it ’s been since June 6 . While the ship and its two spaceman were guess to return to Earth on June 14 , proceeds with the thruster and helium leaks have lead to the extended stay . Both Boeing and NASA have said the Starliner couldsafely retrovert to Earthat any time but have opted to pass extended test to gather as much data as possible .
Boeing’s Starliner cost the company another $125 million in the last quarter and the company said further losses are possible.© NASA
On July 20 , NASA and Boeing engineerscompleted a hot attack testof Starship ’s thrusters and reported encouraging results . No tax return particular date has yet been confirm , but on July 31 , Boeing said in astatementthat a team had gone through a faux undocking procedure the day before . The Starliner had also undergone an exterior review , part of standard function before a spacecraft diverge the ISS . Boeing said it is looking at several potential return particular date in August .
The crewed flight of steps test had originally beenscheduledfor April 2023 but an issue with a reentry parachute system and flammable taping make it to be pushed back . Those delay accounted for Boeing lose $ 288 million on the Starliner program in 2023 alone , the ship’s company suppose in the report .
NASA pick out the Starliner and SpaceX ’s Crew Dragon for its Commercial Crew Program , aiming to use commercially mesh vehicle to ferry spaceman to and from the ISS . While Crew Dragon is already operational , Starliner is still in development . To escort , SpaceX has completed eight launch , while aninthis scheduled for August 18 .
Boeing ’s Starliner went into exploitation in 2014 under a $ 4.2 billion NASA contract . After a series of seemingly endless technical hiccups and delays , however , Boeing incur itself shoulder the financial fallout . NASA is n’t cover the bill for these overrun ; Boeing is on the hook for the step up costs , as it struggles to bring Starliner up to stop number .
Boeing acknowledge in the filing that the Starliner project will in all likelihood continue to mislay money in the indefinite future , as the company has $ 238 million in capitalized precontract toll and $ 148 million in possible termination liabilities to provider relate to potential future missionary station .
“ Risk remains that we may tape additional losses in next periods , ” the society wrote .
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